Jan 06


  • BY:
  • January, 06th, 2016 21:02 +00:00

Good evening,

US equities are off their intraday lows but both DJIA and S&P500 are losing around 1.5%.  The slowdown in China is keeping low risk appetite in global indices and the Japanese Yen is gaining ground as a result of reversal carry trade strategies. Crude Oil made a fresh multiyear low: the commodity is trading at 33.94 $/barrel (-5.64%), and the panic selling is so strong that even geopolitical tension in middle east could not trigger a rally on the commodity.  Gold is gaining 16.15$ at 1,093.9 $/oz (+1.5%), and the shiny metal is trading above both the 21SMA and the 55EMA. Area 1,100 can be reached soon considering that Gold is trading at 2 month high.

In the FX market  EurUsd is trading near its intraday high at 1.0782 (+0.33%) and UsdJpy is trading at 118.41 (-0.48%).  At 19:00 GMT was released  the FOMC Minutes and it showed that all the 10 voting members decided to lift rates last month, even few members were not completely happy  with a low inflation rate.

During the Asian session will be released the Australian Trade Balance at 00:30 GMT and then the European session will kick off with the Swiss Unemployment Rate at 06:45 GTM.

(20:45 GMT)